Orienteering Financial News

Pokarna Ltd.(up 13.08%), Madhav Marbles & Granites Ltd.(up 4.98%), Coal India Ltd.(up 4.47%), Ashapura Minechem Ltd.(up 1.51%) and NMDC Ltd.(up 0.74%) stood among the top gainers.

SJVN Ltd.(up 9.99%), Adani Power Ltd.(up 7.15%), NHPC Ltd.(up 5.32%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.82%), Voltamp Transformers Ltd.(up 4.22%), GE T&D India Ltd.(up 3.82%), Suzlon Energy Ltd.(up 3.65%), Kalpataru Projects International Ltd.(up 3.42%) and Power Grid Corporation of India Ltd.(up 2.77%) stood among the top gainers.

Tax harvesting involves strategically selling investments at a loss to offset capital gains and reduce tax liability. By realising losses, investors can decrease their taxable income, potentially saving money on taxes. This technique is commonly used to optimise investment portfolios.

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GE T&D India Ltd.(up 4.95%), RattanIndia Power Ltd.(up 4.77%), Indowind Energy Ltd.(up 4.61%), India Power Corporation Ltd.(up 2.33%), Torrent Power Ltd.(up 2.15%), JSW Energy Ltd.(up 1.99%), GE Power India Ltd.(up 1.76%), Power and Instrumentation(Gujarat)Ltd.(up 1.66%), Orient Green Power Company Ltd.(up 1.26%) and Hitachi Energy India Ltd.(up 1.19%) were among the top gainers.

Pokarna Ltd.(up 6.90%), MOIL Ltd.(up 5.70%), Lexus Granito(India)Ltd.(up 4.57%), Ashapura Minechem Ltd.(up 4.07%), Oriental Trimex Ltd.(up 1.87%), KIOCL Ltd.(up 0.26%), 20 Microns Ltd.(up 0.25%), NMDC Ltd.(up 0.14%) and Aro Granite Industries Ltd.(up 0.10%) stood among the top gainers.

20 Microns Ltd.(up 2.11%), MOIL Ltd.(up 1.92%), Coal India Ltd.(up 1.19%), The Orissa Minerals Development Company Ltd.(up 1.15%), Gujarat Mineral Development Corporation Ltd.(up 0.82%), NMDC Ltd.(up 0.70%), Ashapura Minechem Ltd.(up 0.59%) and Sandur Manganese & Iron Ores Ltd.(up 0.45%) were among the top gainers.

green energy sector has been on an uptrend, solar companies are being seen as the biggest beneficiary of the push towards renewables with both Ambanis and Adanis vying for a piece of the pie. Smallcap solar company Waaree Renewable Technologies has been the top gainer in the solar pack with a mind-boggling annual return of 1,318%, followed by 561% gain in WAA Solar, 393% in Zodiac Energy and 236% in SJVN.

Motilal Oswal Mutual Fund boasts of some top-performing funds. Its mid-cap fund has consistently delivered impressive returns over the past 10 years. But the fund house itself has been floundering for the last many years, with its growth style of investing taking a brutal beating.

Sandur Manganese & Iron Ores Ltd.(up 3.44%), NMDC Ltd.(up 1.81%), Coal India Ltd.(up 1.07%), Gujarat Mineral Development Corporation Ltd.(up 1.06%), Aro Granite Industries Ltd.(up 0.98%), The Orissa Minerals Development Company Ltd.(up 0.52%) and Pokarna Ltd.(up 0.19%) were among the top gainers.

—Name withheld on request As per the provisions of Income-tax Act, capital gains arising from transfer of a long-term capital asset being equity share in a company or units of equity oriented mutual fund, shall be taxed at 10% (plus applicable surcharge and cess) on capital gains exceeding ₹1 lakh, if STT (securities transaction tax) has been paid at the time of acquisition and transfer of such capital asset. LTCG arising from other capital assets are taxed as per the respective/applicable provisions and tax rates.

Hero MotoCorp, Larsen & Toubro (L&T), Bharat Petroleum Corp Ltd (BPCL), Hindustan Petroleum, State Bank of India (SBI), Eicher Motors, and Tata Motors are among the prominent names on the roster. Godrej Consumer Products, CG Power and Industrial Solutions, Lupin, Indian Bank, Marico, Gujarat Fluorochemicals Limited, Grindwell Norton, DCM Shriram, Happiest Minds Technologies, Route Mobile, Arvind, Prudent Corporate Advisory Services, Choice International, Fusion Micro Finance, Gujarat Heavy Chemicals, Muthoot Microfin, The Bombay Dyeing Co., CarTrade Tech, Arvind SmartSpaces, Moschip Technologies, Styrenix Performance Materials, Suven Life Sciences, Apcotex Industries, Aeroflex Industries, Punjab Chemicals & Crop Protection, Kamdhenu, Automotive Stampings and Assemblies, Uttam Sugar Mills, ALLSEC Technologies, Selan Exploration Technology, GHCL Textiles, Orbit Exports, Indian Bright Steel Company, Chemcrux Enterprises, KPT Industries, Alphalogic Industries, Capital Trade Links, Syschem (India), Indian Acrylics, Smruthi Organics Limited, Evexia Lifecare, Gujarat Toolroom, Asarfi Hospital and others.

HPCL is looking promising. The way the stock managed to give breakout of five-week consolidation range, clearly series on series if we compare the open interest, it is a long build-up setup for BPCL as well as for the HPCL, says Rajesh Palviya, Axis Securities. Edited excerpts

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Shares of Prestige Estates Projects Ltd.(up 4.27 per cent), Godrej Properties Ltd.(up 1.47 per cent), Sobha Ltd.(up 0.7 per cent) and Mahindra Lifespace Developers Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

Shares of Infosys Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.

RattanIndia Power Ltd.(up 4.38%), CESC Ltd.(up 2.00%), Power and Instrumentation(Gujarat)Ltd.(up 1.92%), Karma Energy Ltd.(up 1.91%), GE T&D India Ltd.(up 1.13%), PTC India Ltd.(up 1.11%), NHPC Ltd.(up 1.03%), NTPC Ltd.(up 0.99%), Torrent Power Ltd.(up 0.69%) and Adani Green Energy Ltd.(up 0.45%) were among the top gainers.

Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today. Additionally, Cigniti Technologies, Vardhaman Special Steels, Zenotech Labs, Classic Filaments, Mena Mani Industries, MRP Agro and Nalin Lease Finance will also announce their Q4 earnings on Wednesday, May 1. The Indian stock market is closed today on account of Maharashtra Day.

A new Fidelity Investments study reveals that wealth management firms with a strong technological orientation see significantly better growth, improved client experiences, and enhanced advisor satisfaction compared to their less digital-focused counterparts.